Albany

Albany, NY Real Estate Market Trends Update

The Albany, NY real estate market continues to demonstrate strong, steady growth. Driven by robust local employment, tech investment in the Capital Region, and high demand relative to available inventory, seller conditions remain favorable while offering predictable value for long-term buyers.


Key Market Indicators

  • Typical Home Value: $331,500 (Up 4.2% year-over-year)

  • Median Days to Pending: ~9 to 11 days

  • Sale-to-List Ratio: 101.5% (Over 50% of homes sell above list price)

  • Market Competitiveness: Highly Competitive (Strong demand across key zip codes and neighborhoods)

Key Takeaways for Homeowners & Buyers

  1. Sellers Hold the Advantage: High demand and limited inventory mean well-priced, turnkey properties frequently see competitive multi-offer scenarios within their first two weeks on the market.

  2. Stable Price Appreciation: Rather than volatile swings, home values are experiencing healthy, single-digit growth—making home equity reliable and predictable.

  3. Location Matters: Neighborhoods across the Capital District—such as New Scotland, Melrose, and Buckingham Lake—continue to see elevated buyer interest.

What Is Your Home Worth in Today’s Market?

Real estate conditions can vary significantly depending on your specific neighborhood, school district, and home condition.


If you're considering selling, refinancing, or simply curious about your current home equity, get an accurate, customized home valuation today:


👉 Get Your Free Instant Albany Market Evaluation


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Overview for Albany, NY

5,054 people live in Albany, where the median age is 34.3 and the average individual income is $51,448. Data provided by the U.S. Census Bureau.

5,054

Total Population

34.3 years

Median Age

High

Population Density Population Density This is the number of people per square mile in a neighborhood.

$51,448

Average individual Income

Around Albany, NY

There's plenty to do around Albany, including shopping, dining, nightlife, parks, and more. Data provided by Walk Score and Yelp.

19
Car-Dependent
Walking Score
27
Somewhat Bikeable
Bike Score

Points of Interest

Explore popular things to do in the area, including Classic Tuxedo, Star Plaza, and VENT Fitness - Guilderland.

Name Category Distance Reviews
Ratings by Yelp
Shopping 0.64 miles 0 reviews 0/5 stars
Star Plaza Logo
Shopping 0.79 miles 0 reviews 0/5 stars
VENT Fitness - Guilderland Logo
Active 0.72 miles 61 reviews 2.3/5 stars
The Bunker Logo
Active 0.86 miles 2 reviews 3.5/5 stars
Active 1.38 miles 0 reviews 0/5 stars
Kitty Claw Nails Logo
Beauty 0.5 miles 0 reviews 0/5 stars

Demographics and Employment Data for Albany, NY

Population Households Employment

Albany has 2,211 households, with an average household size of 2.2. Data provided by the U.S. Census Bureau. Here’s what the people living in Albany do for work — and how long it takes them to get there. Data provided by the U.S. Census Bureau. 5,054 people call Albany home. The population density is 1,326 and the largest age group is Data provided by the U.S. Census Bureau.

5,054

Total Population

High

Population Density Population Density This is the number of people per square mile in a neighborhood.

34.3 years

Median Age

54 / 46%

Men vs Women

Population by Age Group

0-9:

0-9 Years

10-17:

10-17 Years

18-24:

18-24 Years

25-64:

25-64 Years

65-74:

65-74 Years

75+:

75+ Years

Education Level

  • Less Than 9th Grade
  • High School Degree
  • Associate Degree
  • Bachelor Degree
  • Graduate Degree
2,211

Total Households

2.2

Average Household Size

$51,448

Average individual Income

Households with Children

With Children:

Without Children:

Marital Status

Married
Single
Divorced
Separated

Blue vs White Collar Workers

Blue Collar:

White Collar:

Commute Time

0 to 14 Minutes
15 to 29 Minutes
30 to 59 Minutes
60+ Minutes

Schools in Albany, NY

All ()
Primary Schools ()
Middle Schools ()
High Schools ()
Mixed Schools ()
The following schools are within or nearby Albany. The rating and statistics can serve as a starting point to make baseline comparisons on the right schools for your family. Data provided by the U.S. Census Bureau.
Type
Name
Category
Grades
School rating
Albany

Browse Properties in the Area

47 Sherman Street
For Sale
MLS® 202628333

47 Sherman Street, Albany, NY 12210
4 Beds 4 Baths 3,326 Sq.Ft.
40 Eagle Street
For Lease
MLS® 202627661

$1

40 Eagle Street, Albany, NY 12207
2,936 Sq.Ft.
130 Washington Avenue
For Lease
MLS® 202627649

$1

130 Washington Avenue, Albany, NY 12210
22,834 Sq.Ft.
30 S Pearl Street
For Lease
MLS® 202621669

$1

30 S Pearl Street, Albany, NY 12207
225,860 Sq.Ft.
61 N Pearl Street
For Lease
MLS® 202614358

$11

61 N Pearl Street, Albany, NY 12207
26,544 Sq.Ft.
97 Central Avenue
For Lease
MLS® 202610934

$14

97 Central Avenue, Albany, NY 12206
46,080 Sq.Ft.
9 Washington Square Albany Ny 12205
For Lease
MLS® 202211002

$15

9 WASHINGTON Square, Albany, NY 12205
33,130 Sq.Ft.
285 New Scotland Avenue
Pending
MLS® 202428229

$15

285 New Scotland Avenue, Albany, NY 12208
4,800 Sq.Ft.
76 N Pearl Street Suite 3
For Lease
MLS® 202518363

$16

76 N Pearl Street, Suite 3, Albany, NY 12207
108,000 Sq.Ft.
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Work With John

Looking to buy or sell a home in Saratoga Springs? Contact John today to schedule a consultation and take the first step towards achieving your real estate goals. Whether you're a first-time homebuyer or a seasoned investor, John has the knowledge, skills, and resources to help you succeed.
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Contact Details

John Hart

Phone

(518) 577-4835

Email

[email protected]

Address

505 Broadway Saratoga Springs, NY 12866

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